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- Since the beginning of 2024, investor interest in gaming coins has been high.
- With the rapid development in Metaverse, more gaming coins are increasingly becoming popular.
Though there were a lot of gaming coins in the crypto market, here are some few which look perfect to add in the portfolio this month.
1- Gala (GALA)
Eric Schiermeyer and Michael McCarthy created the Gala Games in 2019. Gala Games native token is GALA, an Ethereum-based token used for in-game purchases and as a medium of exchange between participants interacting within the Gala Games ecosystem.
At press time, the Gala token price traded at $0.04704 with an intraday surge of 6.10%, reflecting bullish momentum on the charts. Its trading volume surged over 30.27% to $190.42 Million and the market cap rose to $356.52 Million.
Its price action indicates that, GALA is on the verge of a range breakout and might reflect a short-term rally above the $0.0500 mark ahead.
Source: TradingView
The key metrics suggest an upcoming surge and turned bullish this week. Per the RSI and MACD overview, a bullish crossover was noted on the charts.
Recent tweet by @Eliz, indicates that GALA is ready for a significant surge and might reach the upside to $0.07000 soon.
Observe 1D
— EliZ (@eliz883) June 4, 2024
Only trigger in play $GALA pic.twitter.com/ChWWDjAQhN
Source: X
2- Axie Infinity (AXS)
Axie Infinity is a blockchain-based game that allows players to earn cryptocurrency tokens through skill and time spent in the game. It is an ERC 20 governance token that allows players to access the Axie Universe.
At press time, the AXS traded at $8.43 with an intraday surge of 4.82%, reflecting bullish momentum on the chart. Its price action highlights a triple bottom formation, followed by a recovery from the bottom mark of $6.
Going forward, the token displays an ascending triangle formation and is on the verge of a breakout. If buyers succeed cross the $9 mark, the token might surge to $10 followed by the $10.80 mark.
Source: TradingView
After a long, the AXS token has sustained gains above the key moving averages and eyeing a breakout ahead. A tweet by @Crypto Ace guides his positive belief that AXS might reflect an unexpected move and might grow over 5x ahead.
Once it crosses the neckline hurdle of $15, it will go straight toward $30 followed by $75.
$AXS Expect the Unexpected
— Crypto ce (@CryptoAceBull) June 3, 2024
No one seems to buy this, price staying low and forming a bottom
Once it breaks out it is going to go straight up to $30 and then towards $75
Looks like another 5x by Q4 and 10x after that pic.twitter.com/a3efGLEHdP
Source: X
3- The Sandbox (SAND)
Sandbox is a blockchain game similar to Minecraft, it is a virtual world where players can build, own, and monetize their gaming experiences in the Ethereum blockchain.
At press time, the Sandbox token (SAND) token traded at $0.4659 with an intraday surge of 3.20%, reflecting buying momentum on the charts. Its market cap rose over 2.23% to $1.17 Billion and has a total supply value of 3.23 billion.
The price action suggests that the token traded in a narrow range and might reflect a range breakout soon.
Source: TradingView
Bulls need to cross the prompt 200 day EMA mark hurdle for a steady bull run ahead. Until the mark $0.5000 is not breached, the price will remain range-bound.
A tweet from @ World of Charts highlights that, SAND had tested its crucial area and expects a breakout soon. Moreover, in case of a breakout, the token might trigger a bullish wave toward the $1 mark.
$Sand
— World Of Charts (@WorldOfCharts1) June 3, 2024
Testing Crucial Area Expecting Breakout Soon Incase Of Successful Breakout Expecting Bullish Wave Towards 1$ #Crypto #Sand #Sandbox pic.twitter.com/NMunFmLftP
Source: X
Conclusion
GALA, AXS & SAND look impressive now and could reflect a short term rise soon. Investors have to keep an eye on these cryptos and wait for an opportunity.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
